Deutsche Grundstuecksauktionen
AG is a Germany-based auction house specializing in the auction and
agency
sale of land and buildings. The Company offers its clients a range of
services
relating to the placement and sale of properties, as well as permanent
Internet property auction services. In 2009, the Company and its
subsidiaries
sold 2,391 properties. It has seven principal subsidiaries: Saechsische
Grundstuecksauktionen AG, which is an auction house operating in the
German
state of Saxony; Norddeutsche Grundstuecksauktionen AG, an auction
house
operating in the northern part of Germany; Brecht Immobilien GmbH,
which
focuses mainly on residential property in the Berlin area; Deutsche
Internet
Immobilien Auktionen GmbH, which carries out online auctions;
Westdeutsche
Grunstuecksauktionen AG, which focuses on premises in Western Germany,
and PBV Prenzlauer Berg Vermoegensverwaltungs GmbH, which operates as a
real estate holding company.